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Description:

This is a bundled training package. It contains training for each of the bundled items below:

Course Price
Planning Project Costs (PMBOK® Guide Fifth Edition) $74.95
Controlling Project Costs (PMBOK® Guide Fifth Edition) $74.95

Bundle Price: $99.00
Total Savings: $50.90


Planning Project Costs (PMBOK® Guide Fifth Edition)

Accurately forecasting the cost of future projects is vital to the success of projects and the survival of any business. Project managers must have the ability to not only identify what work is required at the onset of a project, but precisely forecast how much that work is going to cost throughout the duration of the project. This course provides an overview of estimating and budgeting project costs in the Project Cost Management Knowledge Area, and introduces best practices outlined in A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Fifth Edition, published by the Project Management Institute (PMI®). Specifically, this course covers planning how to manage project costs, gathering cost information from numerous sources and then utilizing that information, and using tools and techniques such as bottom-up estimating and reserve analysis for estimating costs. Learners will also determine the project budget by calculating reserves and funding requirements. This course provides a foundational knowledge base reflecting the most up-to-date project management information, so learners can effectively put principles to work in their own organizations. This course will assist in preparing the learner for the PMBOK® certification exam. This course will assist in preparing learners for the PMI® certification exam. This course is aligned with the PMBOK® Guide – Fifth Edition, published by PMI®, Inc., 2013. Copyright and all rights reserved. Material from this publication has been reproduced with the permission of PMI®.
  • recognize how each process in Project Cost Management is used
  • identify the inputs, tools and techniques, and outputs of the Plan Cost Management process
  • recognize how the inputs to the Estimate Costs process are used
  • recognize how the tools and techniques of the Estimate Costs process are used
  • review and correct the bottom-up estimate for a given project
  • match the outputs of the Estimate Costs process to their descriptions
  • recognize how the inputs to the Determine Budget process are used
  • recognize how the tools and techniques of the Determine Budget process are used
  • determine whether a cost baseline was correctly established, given a scenario
  • match the outputs of the Determine Budget process to their descriptions

Controlling Project Costs (PMBOK® Guide Fifth Edition)

Establishing the budget for a project is a vital process in project management, yet it means nothing if the budget is not adhered to. Controlling project costs is critical to meeting a project's budget targets, and monitoring cost performance can mean the difference between the success and failure of a project. This course provides an overview of the Control Costs process. It introduces the best practices outlined in A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Fifth Edition, published by the Project Management Institute (PMI®). Specifically, the course examines the inputs, tools and techniques, and outputs of the Control Costs process. In terms of the tools and techniques, it shows how to monitor cost performance through earned value management (EVM), forecasting, and other techniques such as to-complete performance index (TCPI) and reserve analysis. It also demonstrates how to calculate planned value, earned value, actual cost, schedule and cost variance, and schedule performance and cost performance indices. This course provides a foundational knowledge base reflecting the most up-to-date project management information so learners can effectively put principles to work at their own organizations. This course will assist in preparing the learner for the PMI® certification exam. This course is aligned with the PMBOK® Guide - Fifth Edition, published by PMI®, Inc., 2013. Copyright and all rights reserved. Material from this publication has been reproduced with the permission of PMI®.
  • recognize how inputs to the Control Costs process are used
  • match the tools and techniques used in the Control Costs process with their descriptions
  • calculate variance and index values associated with the earned value management (EVM) technique
  • calculate estimate at completion (EAC) values in different scenarios
  • recognize the situations in which different estimate at completion (EAC) formulas are used
  • calculate the to-complete performance index (TCPI) in a given scenario
  • match sources of performance reviews to their descriptions
  • recognize how outputs from the Control Costs process are used
  • match the considerations associated with revising the cost performance baseline to their examples
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Project Cost Management (PMBOK® Guide - Fifth Edition-aligned) e-learning bundle
  • Course ID:
    271487
  • Duration:
    n/a
  • Price:
    $99